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Singapore – Resorts World Sentosa sees huge swing into profit

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A remodelling of its commission and bad debt structure has seen Genting Singapore post net profits of $159.2m in the fourth quarter, up from a new loss of $7.8m in the same period last year. Its Resorts World Sentosa shrank its bad debt by 14 per cent to $38.9m as the group continued to tighten… Read more »

Saipan – Imperial Pacific Resort facing long delays

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The opening of the US$190m Imperial Pacific Resort, on the island of Saipan, could be put back to February next year following an extension request from the company behind it. Imperial Pacific International now wants to extend the 36-month deadline to 42 months to complete the casino part of the property. It wants to put… Read more »

Australia –Crown VIP revenue almost halved by arrests in China

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Australian casino operator Crown Resorts has seen its VIP gambling turnover drop by nearly half in the first half of its business year following the arrest in China of its VIP marketing team. Revenues at Crown’s Australian casino resorts fell by 12.5 per cent to US$1.14bn during the six months ending December 31, 2016 with… Read more »

Northern Marianas – Bridge looks to revive Titanic with online petition

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An online petition has been launched to try and kick-start the opening of a planned Titanic-themed casino resort on Tinian in the Northern Marianas. Hong Kong-based Bridge Investment is spending US$130 on the Tinian Ocean View Resort and Casino, which has run into trouble following a lack of permits from government. The investment group has… Read more »

Australia – Ainsworth profit hit by regulatory delays in the US

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Ainsworth Game Technology has said that added competition in Australia and regulatory delays in the US both contributed to a 38 per cent drop in half year profit. The Australian slot company generated a net profit of $20.6m for the six months ended December 31, falling from $33.1m a year earlier. First half revenue fell… Read more »

Nepal – Tiger Palace to open March 1

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Silver Heritage Group has said it will open the Tiger Palace Resort Casino in Nepal at the start of March. The Australia-listed casino operator had planned to hold a soft opening in February but said it was ‘encountering temporary unexpected delays’ to the opening citing a ‘shortage of liquidity in Nepal’s banking system.’ The new… Read more »

Japan – Adelson promises $10bn investment on Japan’s ‘holy grail’

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Sheldon Adelson, Chairman of Las Vegas Sands, has described a Japan casino licence as the ‘holy grail’ of casino gaming, promising to invest up to $10bn if he was given the chance to develop an Integrated Casino resort in Japan’s capital. Speaking at the CLSA Japan Forum in Tokyo, Mr Adelson described Japan as ‘the… Read more »

Japan – Melco Crown to spend ‘whatever we need to win’ to secure Japan licence

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Having unveiled plans for potential Integrated Resort Casinos in Umekita and Yumeshima, Melco Crown has come out fighting in Japan where saying it will outspend rival casino operators to win a Japanese casino licence. “We’ll absolutely spend whatever we need to win,” Chairman and Chief Executive Officer Lawrence Ho said. “Melco Crown Entertainment has always… Read more »

China – Macau Legend to open Legend Palace Hotel

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Macau Legend Development has said it will open Legend Palace Hotel, its new casino hotel Fisherman’s Wharf district before the end of February. It has earmarked February 27 as the opening date for the venue that will include 66 gaming tables and 95 slot machines. Macau Legend was given the green light to operate 15… Read more »

Australia – Lucky win rates protect Star from plummeting VIP play

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Australian operator Star Entertainment has reported that its VIP gaming revenue was ‘impacted by the Crown Resorts detentions’ in China as they dropped by 22 per cent in the second half of the year. Rival operator Crown Resorts had 18 of its employees arrested for allegedly promoting gambling junkets in China. Despite the VIP downturn,… Read more »